Clothing retailers have a pretty low bar to clear these days. Nordstrom cleared both of those last quarter and seems well-positioned to emerge from the pandemic in decent shape. Make no mistake: Its sales numbers reported late Thursday were bad. In the quarter ended May 2, net sales dropped 40%, which was worse than the already-dire 33% decline analysts predicted, according to FactSet. Its shares were down more than 8% Friday morning after already having dropped 56% year to date through...

Source: Wall Street Journal May 29, 2020 14:18 UTC